kate bosworthWhat's more glamorous than the Oscars? That's easy -- the Vanity Fair Oscar Party. It's the place where all the stars go to celebrate after the stuffy red carpet and show. Don't get us wrong -- we were smitten with many of the red carpets gowns and the oh-so-sexy host, Hugh Jackman.

But we must admit, we liked some of the quick changes stars like winner Penelope Cruz and presenters Jessica Biel and Alicia Keys made before hitting the Hollywood party circuit even better. So let loose with us and check out some of the best gowns on the after party red carpet.

2009 Vanity Fair Oscars Party

MadonnaMarion CotillardRachel ZoeDiane Von FurstenbergPenelope Cruz